All Company cars articles – Page 28
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Article
Aston University introduces salary sacrifice on company cars
Aston University has introduced a company car salary sacrifice arrangement to its flexible benefits plan.†Through the scheme, which is provided by Tusker, employees can surrender up to 20% of their salary in return for a new car of which they will take ownership for three years.Aston University has also set ...
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Analysis
Company car salary sacrifice: watch the risks
If you read nothing else, read this... Common risks with salary sacrifice company cars are around early leavers, parental leave and long-term illness. Employers should also be aware that, when changing to a salary sacrifice scheme, it must be reflected on the employee's contract. Make it clear to staff that ...
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Article
Drive Smarter launches e-learning driver training for small fleets
Drive Smarter has launched an e-learning programme to help small fleets with compliance, cost-savings and risk reduction.The programme is designed to assist in reducing accidental damage costs and result in a safer working environment as well as addressing the required duty of care to employees.The Drive Smarter Small Fleet programme ...
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Article
Leasedrive Velo publishes guide to grey fleet management
Leasedrive Velo has published a guide to grey fleet management.Its Essential Guide to Grey Fleet Management looks at the background behind the rise in grey fleets; the legislative considerations to remain on top of duty-of-care obligations; environmental considerations; the financial impact; essential grey fleet guidelines; and ways of reducing grey ...
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Article
New company car advisory fuel rates published
HM Revenue and Customs has published new advisory fuel rates for company cars which will apply to all journeys on or after December 1 2010.For one month after the date of the change, employers may use either the previous or new current rates, and therefore can make or require supplementary ...
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Article
Lex Autolease launches salary sacrifice fleet product
Lex Autolease is launching a salary sacrifice product which will be available to all large corporate fleets with more than 500 cars or an employee base above 1,000.Employers can also choose to extend the scheme to employees’ friends and family.Claudia Rose, corporate sales director at Lex Autolease, said: “Our offer ...
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Article
Aviva launches insurance policy for salary sacrifice car schemes
Aviva is launching an insurance policy for organisations which operate an employee salary sacrifice car scheme.The offering, which has been modelled on Aviva’s Fleetwise commercial insurance product for corporate fleets, has been developed following feedback from leasing organisations, brokers and employers.Through a salary sacrifice car scheme, the employer receives the ...
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Article
Bombardier launches salary sacrifice car scheme
Bombardier Transportation has switched its contract-hire funded company car fleet to a salary sacrifice car scheme for all employees, and aligned it with its environmental strategy.The new scheme, which is provided by Tusker, sets an upper limit of 120g/km of CO2 for all cars. It is open to all UK ...
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Analysis
Fleet drivers need clear vision
If you read nothing else, read this... There is no legal requirement for employers to ensure drivers have good eyesight, or wear glasses if needed. From 2011, EU legislation will require commercial vehicle drivers to have their eyes tested every five years. Eye examinations can also check for health conditions ...
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Article
North Yorkshire Council cuts fleet emissions
North Yorkshire County Council has cut its fleet's CO2 emissions through a salary sacrifice car scheme for 13,000 employees.Since the scheme went live in April, average emissions across the 200 cars selected by staff have fallen to 112g/km of CO2 from the previous 156g. Cars available through the scheme, provided ...
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Analysis
New accounting standards will affect car lease arrangements
If you read nothing else, read this…A final standard of the lease accounting amendments by the International Accounting Standards Board will be published next year.The amendments will require employers to show leased assets, including cars, on their balance sheets. The changes will affect all employers that account to IASB standards.The ...
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Article
Lex Autolease research: Company car voted top salary sacrifice benefit
More than 20% of employers would opt for a company car above other salary sacrifice benefits, according to a survey from Lex Autolease.Conducted among 130 employees, the survey also found 78% of respondents would take up a salary sacrifice car if they had to replace a privately owned one.A similar ...
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Article
Teignbridge District Council to consider benefits cuts
Teignbridge District Council is to look into potential savings that could be made from reductions in employee benefits.In a meeting on Monday 29 November, the council will consider proposals that include ending essential car allowances, either only for those who travel less than 1,000 miles per year, or for all ...
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Article
Inchcape Fleet Solutions launches salary sacrifice company car scheme
Inchcape Fleet Solutions has launched a salary sacrifice company car scheme with risk elimination following demand from employers.The Justdrive scheme delivers a range of flexible insurances to safeguard employers against unforeseen termination charges if an employee leaves the company.An online portal will help employees in the decision making process with ...
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Article
Interserve Project Services introduces carbon reporting tool
Interserve Project Services (IPS) has introduced a carbon reporting tool for its 1,200 drivers as part of efforts to cut its total fleet CO2 emissions by around 5% a year.The tool, recently launched by mileage and fuel cost management firm TMC, is designed to deliver a 23% cut in annual ...
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Article
Archant exceeds expected take up of green car scheme
Archant’s green company car scheme is proving popular among staff as the take-up figure is ahead of target.The 30% of employees that have opted for lower carbon emitting cars is more than three times the number expected by the media group.Archant appointed fleet management firm CLM earlier this year to ...
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Case Studies
Case study: Best Electrical keeps track of drivers' overtime
Stevenage-based electrical contractor Best Electrical estimates it is saving £26,000 a year after installing GPS tracking technology into its fleet of 10 cars 18 months ago.The system, provided by FleetMatics, enables it to monitor precisely the location and status of its cars. Director of operations Robert Ranson says: "We were ...
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Article
NHS Staff Council proposes new rates for business travel mileage
The NHS Staff Council has proposed new arrangements for reimbursing staff for business travel mileage.The proposals are ready for final review in trade union consultations and, if agreed, the new rates will come into effect on 1 July 2013.The changes will give all staff the same reimbursement rate for business ...
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Analysis
Green cars can be high-spec too
If you read nothing else, read this...More than 60 sub-120g/km car models are now available from over 25 manufacturers in nearly 400 variants.P11D benefit calculations are based on how environmentally friendly a car is.Cars emitting less than 120g/km of CO2 currently attract the lowest rate of company car benefit-in-kind tax.Green ...
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Case Studies
Case study: Heinz puts lid on fleet costs
After conducting a fleet review last year, Heinz UK and Ireland will introduce fuel cards and a mileage tracking system for its 500 drivers to increase the accuracy of claims for fuel reimbursement.The food manufacturer's system, which is linked to its automated expenses processes, allows staff to fill in details ...